Conseco and Green Tree File Preliminary Merger Proxy Materials with SEC.CARMEL, Ind.--(BUSINESS WIRE)--April 28, 1998--Conseco, Inc. (NYSE NYSE See: New York Stock Exchange :CNC (Computerized Numerical Control) See numerical control. CNC - Collaborative Networked Communication ) said today that it filed a registration statement with the Securities and Exchange Commission containing preliminary proxy materials Proxy Materials Documents regulated by the Securities & Exchange Commission in which a public company outlines its methods and procedures. These documents are used to inform shareholders and solicit votes for corporate decisions, such as the election of directors and other relative to its proposed merger with Green Tree Financial Corporation (NYSE:GNT GNT Good News Translation (Bible) GNT Generation Nouvelles Technologies (Paris, France) GNT Greek New Testament GNT Grand National Teams (ACBL Bridge competition) ). In addition, Conseco and Green Tree have received word that their required merger filings with the Federal Deposit Insurance Corporation Federal Deposit Insurance Corporation (FDIC), an independent U.S. federal executive agency designed to promote public confidence in banks and to provide insurance coverage for bank deposits up to $100,000. have been deemed complete as of April 21, 1998. On April 7, 1998, Conseco and Green Tree announced a definitive merger agreement pursuant to which Green Tree will become a subsidiary of Conseco. Shareholders of Conseco and Green Tree are required to vote in connection with the merger. Assuming receipt of shareholder and regulatory approvals, the parties currently expect to close the transaction late in the second quarter or in the third quarter of 1998. Green Tree Financial Corporation is a leading diversified financial The diversified financial services segment includes a range of consumer and commercially-oriented companies offering a wide variety of products and services, including various lending products (such as home equity loans and credit cards), insurance, and securities and investment services company with nationwide operations serving customers in the consumer finance, commercial finance and insurance markets. Founded in 1975, Green Tree has 6,000 employees at 200 company locations that work with over 20,000 independent retail dealers across the country as well as directly with consumers and businesses. Headquartered in Carmel, Ind., Conseco is a financial services organization dedicated to providing its customers with solutions for both wealth protection and wealth creation. Through its subsidiaries, Conseco is one of the nation's leading providers of supplemental health insurance, retirement annuities and universal life insurance. -0- World Wide Web http://www.conseco.com Investor Hotline 800.4.CONSECO Fax-on-Demand 800.344.6452 CONTACT: Conseco Inc., Carmel Jim Rosensteele, Senior Vice President Corporate Communications 317.817.2893 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion